GreenRoc Strategic Materials (AIM:GROC), which is developing graphite and critical mineral projects in Greenland, has secured independent advisory support from the European Investment Bank's InvestEU Advisory Hub to help steer its Amitsoq graphite mine and active anode material (AAM) processing project toward financing readiness.
The agreement, signed on 11 June, is provided at no cost and will cover market analysis, a bankability-focused technical and economic review of the mine and AAM plant, business plan assessment, financial modelling to bank standard, and preparation of equity investor documentation alongside best-efforts facilitation of contacts with potential investors and offtakers.
The Government of Greenland has separately approved GreenRoc's Phase III drilling programme at Amitsoq, which is planned to begin at the end of June.
A 300kg subsample from the 18-tonne bulk graphite ore sample collected in autumn 2025 has been dispatched to SGS Lakefield in Canada for crushing, grinding and flotation tests, feeding into a Pre-Feasibility Study planned to commence by the end of 2026.
At the AAM pilot plant, seven 100kg test runs have now produced approximately 700kg of spherical graphite from 95% graphite concentrate, with newly installed laser and density instruments enabling impurity measurement down to tens of parts per million.
